Kent and Medway Business Fund Loan Schemes

The Kent and Medway Business Fund are offering 3 new loan schemes in response to the economic crisis caused by Covid-19. The aim is to help businesses recover and return to growth.

KMBF Recovery Loan:
– Offering loans of £50k to £100k.
– Match funding is not required.
– Deferred repayments for 12 months.
– Repayment period 5 years, thereafter (less if the business has over 50 employees)
– Scheme will support the provision of working capital.
– 5% administration fee.
– Must have been trading for at least 3 years as of 31 December 2019.
– Security: PG of 10% of loan value will be requested.

Pre-applications for this loan are open now but will close on 14th August 2020

KMBF Capital Growth Loan:
– Offering loans of £50k to £100k.
– No match funding required.
– Deferred repayments for 12 months.
– Repayment period 5 years, thereafter (less if the business has over 50 employees)
– 5% administration fee.
– Scheme will support the purchase of capital tangible and non-tangible assets.(buildings, construction, equipment, technology etc)
– Must have been trading for at least 3 years as of 31 December 2019
– Security: PG of 10% of loan value will be requested.

Pre-applications for this loan are open now but will close on 14th August 2020

Kent & Medway Business Fund
– Offering loans of £101k to £500k.
– Match funding required.
– Deferred repayments for 12 months.
– Repayment period 5 years, thereafter.
– 5% administration fee.
– Scheme will support the purchase of capital tangible and non-tangible assets. (buildings, construction, equipment, technology etc)
– Security will be requested to cover the entire value of the loan.

This scheme will open for pre-applications on 17th August

More information on these loans is available here